Top benefits of health insurance
Here are some key benefits of health insurance that you should know about.
Covers hospitalisation expenses
Health insurance policies cover all medical-related expenses incurred during hospitalisation. It covers expenses against medicines, doctor’s fees and nursing. It also covers expenses like room rent, ICU charges (if any) and diagnostic tests.
Covers pre-and post-hospitalisation expenses
Health insurance policies cover pre-and-post hospitalisation expenses. You get coverage for medical expenses incurred from 30-60 days before hospitalisation. You also get coverage for medical expenses incurred during the recovery stage. The insurers usually give coverage for 60-90 days after hospitalisation. However, the duration of coverage may differ from insurer to insurer.
Covers daycare procedures
Many modern treatment methods require you to get hospitalised for only 24 hours or even lesser time. Health insurance benefits include coverage for expenses of such daycare procedures that need less than 24 hours of hospitalisation. You can check the list of daycare procedures covered on the policy document when purchasing.
Covers domiciliary treatments
In many cases, the patient’s health condition may not permit to move the person to a hospital. Also, many a time, you may not find a bed available at the hospital. In such situations, doctors recommend home treatment under their supervision. Best health insurance policies cover treatments taken at home during these scenarios.
Covers alternative treatment
Insurers also recognise practices like Ayurveda, Yoga, Unani, Siddha and Homoeopathy (AYUSH). You can get coverage for AYUSH treatment up to the sum insured.
Covers annual health check-ups
Most health insurers offer the benefit of free annual health check-up with a health insurance policy. This helps you to keep a track of your health. It also enables you to take medical intervention on time if required.
Offers add-on cover for critical illnesses
Many health insurers offer critical illness cover as an add-on benefit on comprehensive health insurance plan. You get coverage for critical illnesses like stroke, kidney failure, heart attack, or cancer. You can check with the insurer on the list of critical illnesses covered when buying the health insurance policy.
Offers cashless treatment
You can avail the option of cashless claim settlement. This benefit of cashless health insurance helps you seek treatment at any network hospital without paying any cash directly to the hospital. You only need to inform the insurer 48 hours before planned admission or within 72 hours in case of emergency admission. The insurer will directly clear all the bills with the network hospital after completing the required formalities.
Reimburses ambulance charges
In case of an emergency, you may need to hire an ambulance and pay ambulance charges. Most health insurance policies provide coverage up to Rs. 3,000 per hospitalisation for road ambulance charges.
Additionally, health insurance policies also offer tax exemptions under the relevant sections of the Income Tax Act.
A health insurance policy, in short, gives you the required financial backup at the time of need. By assessing these key health insurance benefits and comparing plans, you can make an informed decision that ensures you or your family have access to quality healthcare while protecting your finances. You can choose and buy the insurance policy as per your needs on Bajaj Finance Insurance Mall.